This may not be consistent with full year annual report figures. Real-time analyst ratings, insider transactions, earnings data, and more. What is Seplat Energy's stock price today? With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? As of March 2021, Seplats board led by Orjiako, announced that the company would eliminate all related-party transactions. Off Adeola Odeku Street, Victoria Island By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. var size='300x250', At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, disputing ownership of a baby. Fitch Upgrades Seplat to 'B'; Outlook Stable Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. In the chart below, we zoom in on the different ownership groups of Seplat Energy. Alex de Minaur has been beaten by qualifier Aslan Karatsev in the Madrid Open.19 went down 6-3 4-6 6-4 to the Russian, who is ranked 101 places below him, but is a former top-20 player. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. All rights reserved. Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. To understand the root cause of events at the publicly listed company, we reviewed a series of events that have led up to this point. What Seplat is buying from Mobil. Get in touch with us directly. After waiting longer than any British heir to become monarch, King Charles III has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming.The 74-year-old Charles, who will be formally crowned on Saturday, was the oldest sovereign to take the throne in a lineage that dates back 1000 years when he succeeded his hugely popular mother Queen Elizabeth II after her death last September. The definition of company insiders can be subjective and does vary between jurisdictions. Get short term trading ideas from the MarketBeat Idea Engine. Based on aggregate information from My MarketBeat watchlists, some companies that other Seplat Energy investors own include Alphabet (GOOG), Brookdale Senior Living (BKD), CenterPoint Energy (CNP), American Cannabis (AMMJ), Novus Therapeutics (NVUS), NextEra Energy (NEE), GSK (GSK), AFR.L (AFR), Cellectis (CLLS) and N Brown Group (BWNG). This employer has not claimed their Employer Profile and is missing out on connecting with our community. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. This can indicate that the company has a certain degree of credibility in the investment community. The company employs 528 workers across the globe. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos.Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina. Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. It also benefits from a USD350 million undrawn RCF due in December 2023 and USD39 million availability under a committed USD50 million junior off-take credit facility due in 2027. By April 2023, Nairametrics reported that the Nigerian Immigration Service dropped all charges against Seplat. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Net sales break down by family of products as follows: - natural gas (21.2%). At the end of 2020, the group operated 7 onshore blocks located in Nigeria. ExxonMobil The Australian Ballet will showcase two world premiere dance pieces as part of its 60th anniversary.The double bill Identity features Paragon by resident choreographer Alice Topp. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Brisbane will be without veterans Dayne Zorko and Daniel Rich for their huge clash with Carlton, while Port Adelaide midfielder Xavier Duursma has been sidelined for up to 10 weeks with a knee injury.The Lions' big win over Fremantle came at a cost with Zorko straining his hamstring and Rich suffering a calf strain, with the pair sidelined for three weeks through injury. Is United Airlines Playing a Game of Limbo with Its Guidance? The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, WebThe Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. 337927). It might be worth looking deeper into this. Its worth noting that neither Seplat Energy nor Seplat Energy Offshore Limited was involved in the lawsuit. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The company also engages in the renewable energy generation activities. You can click here to see if those insiders have been buying or selling. Justice Yellin Bogoro of the Federal High Court had issued an interim order restraining Orjiako, and the two firms, as well as their proxies in Nigeria and any jurisdiction worldwide, from receiving and or transferring assets and accounts of Seplat Energy Plc. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Simply Wall St has no position in any stocks mentioned.Have feedback on this article? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Sky Sports News on Twitter: "Aston Villa CEO, Christian Purslow This risk is higher in a company without a history of growth. Seplat Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. Institutional investors commonly compare their own returns to the returns of a commonly followed index. View detailed SEPLAT.NG description & It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. As he prepares for an audience with King Charles, self-described republican Chris Hipkins has ruled out New Zealand becoming a republic during his prime ministership.Mr Hipkins heads to the United Kingdom on Monday night for a five-day visit including leading New Zealand's delegation at the King's Coronation. Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. Concerned about the content? No: 1000005401 Furnish details of company ownership and shareholding structure. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. So they generally do consider buying larger companies that are included in the relevant benchmark index. The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. Many look for medium term catalysts that will drive the share price higher. Shareholders were divided between looking for an exit strategy and staying on course until the company receives government approval for the MPNU acquisition. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: SEPLAT was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC's portfolios. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related Seplat Petroleum Development Company Is this your company? When such a trade goes wrong, multiple parties may compete to sell stock fast. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. Who are the major shareholders and have insiders been buying or selling? This implies the analysts working for those institutions have looked at the stock and they like it. In their own names, insiders own UK8.1m worth of stock in the UK297m company. In its February 25, 2022 acquisition note, Seplat highlighted MPNU assets as a 40% operating ownership of 300 producing wells in 4 oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure, with NNPC being the 60% partner, the Qua Iboe Terminal, a 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso, 409 MMBBL of 2P liquid reserves, and 211 Bscf of 2P gas reserves, with the undeveloped gas potential of 2,910 Bscf. Seplat Petroleum Development Company Salaries The official announcement can be viewed at this link. Seplat Energy Plc says it is ready to move on from its challenges. Post was not sent - check your email addresses! A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. The Mareva injunction was issued because Zenith Bank Plc had taken Dr Orjiakor, Shebah Exploration and Production Company Limited, Shebah Petroleum Development Company Limited and six others before the Federal High Court, over an alleged debt of about $78,426,578.64. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. WebWhat is the ownership structure of SEPL? Seplat Petroleum Development Company - AnnualReports.com I find it very interesting to look at who exactly owns a company. With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. Also submit photocopies of its CAC Forms CO2 and CO7. The Commission will continue to work with the Board of Seplat to monitor the situation and take effective measures to preserve the integrity and transparency of the capital market. So they usually pay more attention to companies that are included in major indices. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX,the primary exchange on which it is listed. SEPLAT, as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisos of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Cement Development. WebOver the last few years, Seplat Energy has successfully grown its business and created significant shareholder value despite the challenges confronting us in our operating environment. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Kano State, Port-Harcourt WebWhat is the ownership structure of SEPLAT? Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. Seplat Energy also announced that the Lagos Federal High Court has vacated the ex parte interim orders against Seplat, its Chief Executive Officer, and its Board Chairman. Join thousands of other investors who make better investing decisions with our premium tools. A man is due to face a court over his alleged involvement in the execution-style murder of a Sydney underworld figure.Mahmoud Ahmad was killed in a spray of bullets fired from several cars as he stood outside a friend's house in April 2022. Introduction to Ownership Structure This shows at least some alignment. What other stocks do shareholders of Seplat Energy own? Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. This announcement was made after a Federal High Court in Lagos issued a Mareva Injunction restraining ABC Orjiako, and other firms linked to him, from accessing the accounts and assets of Seplat Energy Plc. Seplat: Roger Brown Overhauls the Leadership, Runs with Four Delayed London Stock Exchange They are always enabled. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. SEPLAT Liquidity and Debt Structure. P.M.B:12638 Marina When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger This represents a yield of 2.36%. In other words, these shareholders have a meaningful say in the decisions of the company. A Brothers 4 Life member chose by himself to sell ice while the gang's founder worked with the drug dealer to sell shoes and tap fittings, a NSW jury has heard.Bassam Hamzy is on trial in the Downing Centre District Court over allegations he sold methylamphetamine while incarcerated, giving directions through his lawyer Martin Churchill to gang members outside. In March 2023, the company decided to terminate the contract due to repeated corporate governance breaches of a material nature, such as unilaterally making significant commitments on behalf of Seplat and using the companys letterhead to communicate said commitments without prior approval by the Board. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. click here to see if those insiders have been buying or selling. After ABC Orjiako stepped down as Board Chairman at Seplat, the company had a consultancy arrangement with him, which obliged him to provide defined assistance to certain external stakeholders. Shares of SEPL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). The NRL concedes officials missed a crucial knock-on call late in Canberra's golden-point win over the Dolphins.With scores locked at 30-30, Canberra's Hudson Young knocked the ball forward into the arm of Ray Stone, before the Raiders regained possession. To get a sense of who is truly in control of Seplat Energy Plc (LON:SEPL), it is important to understand the ownership structure of the business. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. childNetworkId = '21634543682', Home; Exclusives. Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack. We aim to bring you long-term focused analysis driven by fundamental data. The Securities and Exchange Commission, Nigeria Public Statement On Recent Reports On Seplat Energy PLC 29/03/2023 The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public company listed on the Nigerian Exchange Limited (NGX) and the London Stock Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. To see all exchange delays and terms of use please see Barchart's disclaimer. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. width: 100vw; It's hard to say for sure but this suggests they have entwined business interests.
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